Sea Escape Company Sells Condominiums in Florida

Sea Escape Company sells condominiums in Florida. During the recession, the company moved its sales operations to an older building near the beach. The new sales office does not attract new clients and the company cannot retain its employees because the employees resign and they pursue employment at other organizations that offer professional, newer, office facilities. The sales manager conducted a meeting to discuss the business reasons for adopting sustainable business practices. The sales manager asked the operations manager for approval to update the old facilities. The sales manager estimates that the cost to update the building is $150,000. The sales manager estimates that if the proposal to update the old building is approved, the company can generate at least $80,000 in additional sales.
Compute the payback period, in years, to recover from the cost of renovations. List and discuss at least three business reasons for adopting sustainable business practices.